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Entrepenure Finance Essay

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Below is an essay on "Entrepenure Finance" from Anti Essays, your source for research papers, essays, and term paper examples.

Q A.

Ans: The hospitality industry overall is experiencing changing trends and specifically many changes are developing in the hotel industry. According to the case, the two major changes that are developing are as follows:

• Hotels are shifting from manual to electronic bookings and are focusing more on E-COMMERCE as they tend to increase their reservations available online.

• Secondly with more and more competition, the hotels are focusing more on programs with more outcomes (YEILD MANAGEMENT PROGRAMS) and increasing their customer services, as the social changes that have emerged in the industry requires more customized products.

Q B. Describe how interact Systems’ AIS software products are to benefit the hotel industry from a profitability stand point.

Ans: Interactive systems are very beneficial to the hotel industry. While their impact is on a larger proportionate to other aspects then profitability, they indeed have an impact. The main core advantage that we look at here is the basic rule of thumb ‘SAVE TIME, SAVE MONEY’. If we take a deep look, with interactive systems, we are ruling out complex processes, paper work, extra staff needed to perform all those activities etc. So by providing up to date technology and systems, we are increasing efficiency and cutting out cost to quite a high percentage.

Q C. Describe how interact Systems’ AIS software is to help hotels improve customer satisfaction.

Ans: Customer satisfaction is the key to success in the hospitality industry. For hotels who wish to stand out in the market today, they rely heavily on the customer satisfaction. With this software up to date information is provided to the staff to deliver real time value to the customer. The social changes that have come out recently in the hospitality industry in the need for customization. Guests staying in the hotel are looking for more and more comfort and the customized feeling. For example, the RITZ hotel in London, provides its...

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MLA Citation

"Entrepenure Finance". Anti Essays. 11 Dec. 2018


APA Citation

Entrepenure Finance. Anti Essays. Retrieved December 11, 2018, from the World Wide Web: http://snehaedu.com/free-essays/Entrepenure-Finance-357700.html